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Monthly Savings Junior ISA

The Monthly Savings Junior ISA offers tax-free benefits, competitive returns and great flexibility.

(NOTE: Children with a Child Trust Fund (CTF) cannot have a Junior ISA as well as a CTF unless the CTF is transferred to a Junior ISA with us. See ‘ISA Transfers’ below.)

Making regular savings in a Junior ISA is fantastic way to put something aside for a child’s future. Start regular savings now and watch them grow, and you can add a lump sum to it at any time.

Anyone, such as grandparents, uncles, aunts, Godparents or family friends can pay into a Junior ISA for a child as long as they have the parent(s) or guardian(s) consent.

With annual bonuses and the knowledge that the ISA funds must go to the child you’ll be providing an important financial boost to a child just when they may need it the most.

PLEASE NOTE: When the child reaches the age of 16 they are legally responsible for their own savings plans.

Competitive Returns

  • an increased guaranteed annual bonus of 2%* until April 2021, on amounts invested in 2019/20 tax year (commencing 6 April 2019)
  • subsequent annual bonus rates will be no less than the annual bonus rate for our Lump Sum ISA at that time
  • the savings can then be left to grow, withdrawn, or switched to the Lump Sum Junior ISA for even higher growth potential


  • you can vary your premiums or add a lump sum at any time (you can start with a minimum lump sum of £500 and thereafter we accept minimum top-ups of £100 if you are also paying monthly premiums)
  • you can stop and restart your premiums at any time
  • all funds invested for at least two tax years can be transferred (or withdrawn if the child is 18 or over) with no penalty
  • can be cashed in at age 18 or left to grow

Low Starting Premium

  • save for a child’s future from just £30 a month
  • annual yearly Junior ISA limit currently set at £4,368 
What returns might I expect from this plan?

This plan has only been offered since 2016 and therefore has no ‘past performance’ to show.

However, an indication of future returns can be guided by the guaranteed annual bonus of 2% until 5 April 2021. This rate applies only for amounts invested in 2019/20.

The annual bonus rate applying to amounts remaining invested after the guaranteed period will be no less than the annual bonus rate for our Lump Sum ISA.


Guaranteed bonus rate until April 2020

How does the Metfriendly Monthly Savings Junior ISA work?

Metfriendly Junior ISAs – like our other tax exempt products – enjoy higher rates of bonus and therefore higher returns than our traditional savings products, as we do not have to pay any tax on the interest and capital gains we make on the money you invest with us.

The Junior ISA currently has a maximum yearly limit of £4,368. The minimum regular savings are £30 per month. Lump sums can be accepted. The minimum is £500 (unless you are also making monthly contributions then the minimum is £100) and maximum is £1,499.

ISAs are also much more flexible than other forms of saving:

  • You can mix lump sums with regular savings.
  • You can stop premiums when you wish.
  • You can transfer Junior ISAs from one provider to another.
  • Each eligible child can have two types of Junior ISA at the same time, a Cash Junior ISA and/or a Stocks and Shares Junior ISA.
  • You can choose a different provider for each type.
  • There is a limit on the amount of money you can pay into the Junior ISA(s) in any one tax year namely, an overall maximum of £4,368, split between the two types in any proportion.
  • The Metfriendly Junior ISA is a Stocks & Shares Junior ISA, not a Cash Junior ISA, so you can invest in a Cash Junior ISA elsewhere if you wish.
  • At age 16 the child is legally responsible for their own savings and may become the ‘Registered Contact’ and will receive all correspondence relating to their plan. We will write to the child around their 16th birthday to inform them of this, and we will also ask for their National Insurance Number. We will inform you beforehand of our intention and obligation to do this.
Who can apply for a Metfriendly Junior ISA Plan?

To apply, you must be aged 16 years or over, and either of the following:

  • have parental responsibility for the child under 16 years of age, or
  • be the child yourself if aged 16 or 17

In addition, because we only have permission to do business within the UK, you must be resident in the UK when you sign the application form.

What is the bonus rate?

2019-20: For savings made during the tax year 2019-20, the bonus rate is 2% p.a. until 5 April 2021.

2020-21: We have not yet set the initial bonus rate for savings made during this tax year, but we will let our members know the new guaranteed rate before they renew into each tax year.

After the guaranteed bonus rate period, plans will be moved to a variable bonus rate and that rate will normally be at least as high as the Lump Sum Junior ISA rate. However the Lump Sum Junior ISA normally attracts a Final Bonus, whilst the Monthly Savings Junior ISA does not.

Where is the premium invested?

The premiums are invested in the Metfriendly With-Profits fund. For information on what that is and how it works, including a diagram to show the approximate investment mix, please refer to the With-Profits fund page.

What happens at the end of the guaranteed bonus period?

In the third tax year of investment, the annual bonus rate is no longer guaranteed for that premium. We may amalgamate savings for different tax years once they are on a variable bonus rate. If there is at least £1,500 in value outside the guaranteed bonus period the registered contact could consider transferring this into the Metfriendly Lump Sum Junior ISA. Our Lump Sum ISA will, in the longer term (at least 5 years), produce higher returns.

How do I contact you?

Metfriendly, Central Court, Knoll Rise, Orpington, BR6 0JA

Phone: 01689 891454 Fax: 01689 891455

Email: [email protected]

Junior ISA/Child Trust Fund Transfers

Transfers from another Junior ISA Provider

If you would like to transfer a Junior ISA to us from another provider please call us on 01689 891 454.

Transfers from a Child Trust Fund

To transfer a CTF to us, both a Child Trust Fund Transfer Form AND a Junior ISA application should be completed and returned to us by the person who is currently the registered contact for the CTF (normally a parent).

The procedure (as directed by HMRC) is that, following receipt of your applications, we open an “empty” Junior ISA and issue documents, including a “cooling-off” notice. This cooling-off notice gives 30 days in which to cancel the Junior ISA if it is not required. When the 30 days cooling-off period has expired, we will then send the transfer request to the CTF provider, asking them to transfer the amount to us. When we receive their cheque, we will send you confirmation of the amount received. Once the CTF has been closed it cannot be reopened.

Please note that the minimum we will allow to be transferred to us from a CTF or a Junior ISA into a Monthly Savings Junior ISA will be £500, unless there will be monthly contributions as well.

Great opportunity for family members to be offered the same offers as members.

Miss A McLeary, ESB

‘I have always been pleased with the returns from my Metfriendly policies.’

Mr P Payne, Bordon

‘Very pleased with the service I’ve received to help me save money direct from my salary.’

DC Chris W, SO15

‘I’ve used Metfriendly for the last 5 years and recently the money has gone towards a deposit for our house. I will be signing back up next year to help save towards my kids future.’

Mrs A Cooper, Met CC, Bow

‘I’ve used Metfriendly for the last 5 years and recently the money has gone towards a deposit for our house which we are moving into next month. I will be signing back up next month to help save towards my kids future.’


Amanda Cooper (Met CC, Bow)

‘I would recommend Metfriendly to everyone.’

Mrs V Thompson, Dagenham

‘Hassle-free savings that are started every year on my behalf, without me having to call up.’


D.C. R McLaren, Hackney Borough Stations

Very happy with the service. I have a number of policies for myself and my children.

Police Sergeant S Drysdale, DPS Borough Support

Good service – always very helpful and informative.

Miss J Coward, South Norwood, London